A 1099-DIV is sent to individuals that receive stock distribution payments, such as dividends, capital gain distributions, nontaxable distributions, or liquidation distributions paid on stock. Use the information provided by the IRS to fill in the fields on the 1099-Dividend tab. The fields are listed in alphabetical order.
Use Cash Liquidation Distribution to enter the amount of cash distributed as part of a liquidation.
Use Collectibles (28%) Gain to enter any amount included in the Total Capital Gain Distribution field that is a 20% rate gain from sales or exchanges of collectibles.
Use Federal Income Tax Withheld to enter the backup federal income tax withholding. Backup withholding will apply
1. If the payee fails to furnish his or her taxpayer identification number (TIN) to you.
2. For interest dividend, and broker and barter exchange accounts or instruments acquired after 1983, the payee fails to certify, under penalties of perjury, that the TIN provided is correct.
3. The IRS notifies you to impose backup-withholding because the payee furnished an incorrect TIN.
4. For interest and dividend accounts or instruments, you are notified that the payee is subject to backup withholding.
5. For interest and dividend accounts opened or instruments acquired after 1983, the payee fails to certify to you, under penalties of perjury, that he or she is not subject to backup withholding.
Use Foreign Country to enter the name of the foreign country or U.S. possession to which the withheld tax applies.
Use Foreign Tax Paid to enter the amount of foreign tax withheld and paid on interest.
Use Investment Expenses to enter the amount of stockholder's pro rata share of certain amounts deductible by a non-publicly offered regulated investment company.
Use Noncash Liquidation Distribution to enter the amount of non-cash distributions made part of liquidation.
Use Nondividend Distributions to enter the amount of nondividend distribution.
Use Qualified Dividends to enter the dividends that qualify for 5% and 15% Capital Gains Rates.
Use Section 1202 Gain to enter any amount included in the Total Capital Gain Distribution field that is a section 1202 gain from certain qualified small business stock. See Qualified Small Business Stock – RICs on page DIV-1.
Use Total Capital Gain Distribution to enter the amount of capital gain distribution.
Use Total Ordinary Dividends to enter the amount of ordinary dividends.
Use Unrecaptured Section 1250 Gain to enter any amount included in the Total Capital Gain Distribution field that is an un-recaptured section 1250 gain from certain depreciable real property.